Merck KGaA: 73% jump in Q3 adjusted EPS
(CercleFinance.com) - Merck KGaA has reported Q3 adjusted EPS that is up 73.
3% to 2.34 euros, above analysts' expectations, with adjusted EBITA that is up 53% to 1.7 billion euros (+19.8% in organic terms), meaning an increase in its corresponding margin to 38.2%.
The German group's revenues increase by 9.7% to 4.4 billion euros, mainly driven by double-digit organic growth in life sciences and growth relating to acquisitions in performance materials.
For FY 2020, Merck KGaA expects adjusted EBITDA of 5.05-5.25 billion euros, with organic growth of 6%-8%, and revenues of 17.1-17.5 billion euros, with organic growth of 4%-5%.
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3% to 2.34 euros, above analysts' expectations, with adjusted EBITA that is up 53% to 1.7 billion euros (+19.8% in organic terms), meaning an increase in its corresponding margin to 38.2%.
The German group's revenues increase by 9.7% to 4.4 billion euros, mainly driven by double-digit organic growth in life sciences and growth relating to acquisitions in performance materials.
For FY 2020, Merck KGaA expects adjusted EBITDA of 5.05-5.25 billion euros, with organic growth of 6%-8%, and revenues of 17.1-17.5 billion euros, with organic growth of 4%-5%.
Copyright (c) 2020 CercleFinance.com. All rights reserved.